The 1800 Draped Bust Half Dime is a small silver coin that holds a special place in U.S. history. It marks the return of this coin after a break in production. This article will help you understand its features, the market, and why collectors value it.
Introduction to the Draped Bust Half Dime
The Draped Bust Half Dime was reintroduced in 1800 after not being made for two years. The design features Lady Liberty and is notable for its unique lettering. In this guide, we’ll explore what makes the 1800 Draped Bust Half Dime special, how it’s identified, and some rare varieties that collectors look for.
History and Design
Background
The Draped Bust Half Dime was first minted in 1796 and was a popular coin among people in the early United States. It was designed by Robert Scot and is famous for its beautiful design that features Lady Liberty.
Obverse Design
On the front (or obverse), the coin shows a young Liberty with long hair, dressed in flowing robes. Above her head, the word “LIBERTY” is inscribed, with the date below. The sides of the coin have thirteen stars that represent the original colonies.
Reverse Design
The back (or reverse) of the coin shows a majestic eagle, which is holding an olive branch and arrows. Surrounding the eagle are the words “UNITED STATES OF AMERICA.” There are also stars above the eagle, making it a patriotic symbol.
| Feature | Description |
|---|---|
| Country | United States of America |
| Year of Issue | 1800 |
| Denomination | Half Dime (Five Cents) |
| Mintmark | None (Minted in Philadelphia) |
| Mintage | Estimated 40,000 pieces |
| Alloy | 89.24% Silver, 10.76% Copper |
| Weight | 1.35 grams |
| Diameter | 16.50 mm |
| Edge | Reeded |
| Obverse Designer | Robert Scot |
| Reverse Designer | Robert Scot |
Identifying Varieties
Key Varieties of the 1800 Draped Bust Half Dime
- LM-1 (Logan-McCloskey-1):
- Description: Most common type; the “8” is shaped by overlapping small punches.
- Value: Often found in better conditions.
- LM-2:
- Rarity: Extremely rare, fewer than a dozen known.
- Condition: Usually shows signs of wear.
- LM-3 (LIBEKTY):
- Description: An error where the “R” looks like a “K.”
- Rarity: More common than LM-4.
- LM-4:
- Rarity: Very rare with only a few known.
| Variety | Key Features | Rarity |
|---|---|---|
| LM-1 | Correct “LIBERTY,” unusual “8” | Common |
| LM-2 | Few known, rarely seen unimpaired | Extremely Rare |
| LM-3 | Error “LIBEKTY,” “R” appears as “K” | More Common |
| LM-4 | Rare, specific alignment of details | Very Rare |
Market Data and Notable Sales
Some 1800 Draped Bust Half Dimes have sold for significant amounts due to their rarity and condition. Here are a few notable sales:
| Coin Description | Grade | Sale Price |
|---|---|---|
| PCGS MS68 #11398219 (Norweb Collection) | MS68 | $381,875 |
| NGC MS65 #560319-002 | MS65 | $43,125 |
| NGC MS64 #3214405-002 | MS64 | $20,700 |
These coins are valued not just for their silver content but also for their historical significance and unique features.
Conclusion
The 1800 Draped Bust Half Dime is more than just a coin; it’s a piece of American history. Collectors admire its beauty, unique designs, and the stories behind its rarity. Whether you’re a seasoned collector or a newcomer, understanding the characteristics and values of this coin can enhance your collection. With only about 40,000 pieces estimated to exist, every coin has its own tale to tell.
As you explore this fascinating world, remember that each Draped Bust Half Dime is a connection to the past, a glimpse into the life and times of early America.
FAQ’s
What is the 1800 Draped Bust Half Dime?
The 1800 Draped Bust Half Dime is a five-cent silver coin featuring Lady Liberty on the front and an eagle on the back. It was minted in Philadelphia and is part of a series that began in 1796. The 1800 version is notable for its unique design and historical significance.
How can I tell if my 1800 Draped Bust Half Dime is rare?
To determine the rarity of your 1800 Draped Bust Half Dime, look for specific varieties, such as LM-1 or LM-2, and examine the condition of the coin. Coins in better condition or with unique features, like errors in lettering, are generally more valuable.
What is the value of the 1800 Draped Bust Half Dime?
The value of the 1800 Draped Bust Half Dime varies significantly based on its condition and rarity. Some coins have sold for over $300,000 in excellent condition, while others may be worth a few hundred dollars. It’s best to consult a coin expert or appraiser for an accurate valuation.